World Currency Functions
|
Function |
Private
Use |
Official Use
|
| Medium of
exchange |
Vehicle
currency |
Intervention
currency |
| Unit of account |
Quotation, Invoicing |
Exchange rates, (Pegs) |
| Store of value |
Investment currency |
Reserve currency |
Financial Impact of the Introduction of the Euro
Aspects of Cooperation
Institutional Requirements for International Monetary Cooperation
|
Interests |
Conflicting |
Mutual
|
| Level |
Political |
Technical |
| Speed |
Ad hoc |
Permanent |
| Activity |
Passive |
Active |
| Players |
Several |
One |
111 and 105 The distribution of competences
Central banks and finance ministers in the US, the EC and
Japan
History Conceptualized: Institutions of Cooperation
©2000 by Weinrichter
formated and tagged by MN,
14.7.2000